Ballentine Partners LLC Acquires New Position in GoDaddy Inc. $GDDY

Ballentine Partners LLC acquired a new stake in shares of GoDaddy Inc. (NYSE:GDDY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,973 shares of the technology company’s stock, valued at approximately $535,000.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its position in GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of GoDaddy during the 1st quarter valued at about $27,000. Private Trust Co. NA boosted its holdings in shares of GoDaddy by 591.3% during the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of GoDaddy during the 1st quarter valued at about $30,000. Finally, Banque Transatlantique SA purchased a new stake in shares of GoDaddy during the 1st quarter valued at about $36,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $145.71, for a total transaction of $145,710.00. Following the sale, the chief operating officer owned 251,949 shares in the company, valued at approximately $36,711,488.79. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,828 shares of company stock worth $5,394,638 in the last 90 days. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GDDY shares. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. Raymond James Financial dropped their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Friday, August 8th. Citigroup dropped their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Wells Fargo & Company dropped their price target on shares of GoDaddy from $198.00 to $157.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and a consensus price target of $202.43.

GoDaddy Stock Performance

GDDY opened at $141.31 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.53 and a beta of 1.02. The company’s 50 day moving average is $149.53 and its 200 day moving average is $168.32. GoDaddy Inc. has a 12-month low of $132.51 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current year.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.